1 Table of Contents: “... of Deficits on Interest Rates and Capital Formation -- 3 Asset Substitutability and the Impact of Federal...”

2 “..., prices, wages, production, financing of the federal deficit, debt and debt services of the federal...”

3 “.... The elimination of the U.S. Federal deficit over the medium term could significantly lower the U.S. inflation rate...”

4 “..., GDP fell by 3.7 percent. Despite efforts to cut expenditures, the federal deficit increased to 2.4...”

5 “..., GDP fell by 3.7 percent. Despite efforts to cut expenditures, the federal deficit increased to 2.4...”

6 “... necessary -- means for reducing the federal deficit. The National Economic Commission, which was created...”

7 “.... With mounting federal deficits, policymakers and advocates are increasingly calling for a rethinking of our...”